https://stocks.apple.com/AlDsqo3xjRuGJDSihgg68eA
Who is going to buy Appian to save them?
7 replies (most recent on top)
Looks like Matt Calkins now has a new delusion. He wants to be a leader in some AI policy-making. He is going on an on about that in various media appearances. In one of the interviews with Nicole Petallides of Schwab Network, Calkins was asked about specific dates, next steps, and timelines with his latest delusion (the policy he is apparently working on). He totally side-stepped that question and continued making delusional, high-level comments that were totally unrelated to the question. How is the Board allowing him to operate even though he is so disconnected from reality? Why can't he focus on practical, real, stuff that brings business to Appian and brings the stock price up? Is the Board going to just watch him sink the ship? He did a great job with Appian until 2017. He has lost his way completely since then. Change the leadership already!
Dear Matt, you are not performing - resign
Dear Appian Board - Matt Calkins is not performing - lay him off to be consistent with the company wanting people who make an impact. Matt's impact is to reduce shareholder value by 50%. FIRE HIM!!!!!
Appian and Pegasystems are archrivals, the longstanding leaders in high-end Process Automation. This is a quote from Appian. Appian is neither a rival nor a leader. Appian tries to be a prominent player in the space but falls short in so many ways it is laughable. When you compare the revenue, profitability, product, people, and customers, Appian is not even in the same league. It is no surprise the Appian stock and company valuation are so low. Both have founders who are still at the helm, sadly Appian's should leave so the company can prosper or be sold off. Pega's found is a strong leader and visionary who drives the company and is respected within the company and by customers. Investors demand Matt resign and be replaced with someone with a vision who can sell what's left of the assets. The CEO is responsible to the shareholders for the stock's positive performance or failing performance. Matt has failed - lay him off for failing to perform as he cited when laying off so many good people who were performing.
Thanks, Matt for the sh*t message to the street. The stock drops 18% in one day due to your failed leadership. Resign for everyone's benefit! No one wants you to stay. Take your other partners with you even though they don't like you either.
Sad to ruin so many people's careers because you have no strategy.
$500M will get eaten up by wasted development and marketing that doesn't improve their commoditized message in the market. The lawsuit was always nonsense as Pega's product was far superior from the start and never needed help from a company with no vision. It was a good run Appian (Apeian as many of its customers and partners call it), now on to be acquired and the name added to the wall of Blockbuster and other commodities that are gone.
Appian will get $500M, "after all appeals are exhausted". Thank you, Pega, for saving Appian. https://www.streetinsider.com/Corporate+News/Appian+%28APPN%29+discloses+%24500M+judgment+preservation+insurance+policy+in+Pegasystems+%28PEGA%29+case/22137039.html
What's Appian's game plan now?